Maui County Deferred Payment Loan

Maui County Deferred Payment Loan is a deferred second loan for homebuyers in Maui County, Hawaii, administered by Hawaii Community Lending (HCL). The Maui County Deferred Payment Loan is a 0%-interest deferred second mortgage administered by Hawaii Community Lending that buys down a homebuyer's mortgage principal on property off Hawaiian Home Lands in Maui County. It is available to Maui County residents with at least 2 years of residency who earn under 120% AMI, with a maximum loan of $200,000 for low-AMI borrowers. Deed restrictions and a shared equity appreciation agreement apply. Up to $200,000 in deferred assistance. 0% interest. Buys down mortgage principal. Serves households under 120% AMI. Funding comes from County of Maui funds, administered by Hawaii Community Lending.

Maui County Deferred Payment Loan offers up to $200,000 in assistance. Award tiers: $200,000 maximum loan for low-AMI borrowers. Amounts are the program's published maximums, not an offer — Hawaii Community Lending (HCL) determines any individual award.

Maui County Deferred Payment Loan is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Deferred; shared equity appreciation and deed restrictions apply at sale/transfer. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Maui County Deferred Payment Loan is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through HUD-certified housing counseling (required). Residency requirement: Maui County residents with a minimum of 2 years residency. Minimum 2 years Maui County residency. Borrower must earn under 120% AMI. Deed restrictions and shared equity appreciation apply. HUD counseling required. Property must be off Hawaiian Home Lands. This is a distinct HCL-administered county product (separate from the catalog's Maui County First-Time Home Buyer's DPA Program run by the County's housing division). Confirm whether first-time-buyer status is required and the full term sheet with HCL.

Maui County Deferred Payment Loan limits household income to 120% of the area median income, which varies by county and household size. Borrower must earn under 120% of Area Median Income (AMI). $200,000 maximum loan applies to low-AMI borrowers. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Maui County Deferred Payment Loan can be used for Single Family, Condo, and Townhouse.

Maui County Deferred Payment Loan serves homebuyers purchasing in Maui County, Hawaii.

Applications for Maui County Deferred Payment Loan go through Hawaii Community Lending (HCL), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.